Bill > S05454

This bill imposes a special tax of three-tenths of one percent or one dollar, whichever is greater, on the receipts from the sale of art, antique furniture, or antique jewelry at auction. The tax is imposed on the purchaser and must be collected by the entity conducting the auction. The revenue from this tax will be deposited into the newly established "Art Education Fund" to provide assistance for art education and art supplies at the kindergarten through twelfth grade levels at Title I public schools. The New York State Council on the Arts will administer the fund and establish guidelines for the allocation of the funds.